The Karnataka government has implemented a tax hike on petrol and diesel, raising prices by `3 and `3.5 per liter respectively. Effective immediately, the tax on petrol has surged from 25.92% to 29.84%, and on diesel from 14.34% to 18.44%. This move, aimed at bolstering state finances, follows a review by Chief Minister Siddaramaiah to boost revenue amid economic priorities. It comes shortly after the Lok Sabha election, where the NDA won 19 seats in Karnataka, including 17 by BJP and 2 by JD(S), with Congress securing nine seats.
Karnataka Government Raises Fuel Taxes Amid Revenue Goals
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